Aster Breaks Above One Dollar Mark Driven by Rocket Launch

TLDR

Table of Contents

Aster’s Rocket Launch rewards traders with $200K in ASTER and partner tokens.
CZ’s pardon lifted BNB-linked tokens, driving strong demand for Aster.
Whale accumulation pushed Aster’s price up despite falling trading volume.
Aster’s market cap climbed above $2.2B as investors joined the campaign.

Aster’s native token, ASTER, rose 15% to $1.11 on October 23 after the platform launched its Rocket Launch campaign. The rally came as traders reacted to renewed optimism in the BNB ecosystem following the presidential pardon of Binance founder Changpeng Zhao (CZ). The dual developments pushed Aster’s market capitalization above $2.2 billion, marking its strongest price movement in several weeks.

Rocket Launch Program Fuels Market Excitement

Aster’s Rocket Launch program aims to reward traders who participate in early-stage project listings. The initiative combines buybacks and token rewards to encourage trading and liquidity on the platform. According to an official X thread, each Rocket Launch round features a reward pool made up of ASTER tokens and tokens from partnered projects.

The participating projects contribute funds and tokens, which Aster uses for ASTER buybacks before merging both assets into a shared reward pool. These rewards are then distributed to qualified users based on specific campaign requirements. Participants must maintain a set ASTER balance in both Spot and Perpetual accounts and meet the required trading volume during the event period.

The team confirmed that traders will share $200,000 worth of ASTER rewards during the current campaign. This structure, they said, is designed to boost engagement and encourage active participation among long-term holders.

CZ’s Pardon Boosts BNB Ecosystem Tokens

Market sentiment improved sharply after the U.S. presidential pardon of CZ, announced soon after Aster’s campaign rollout. The event sparked renewed interest across tokens linked to the BNB ecosystem, with Aster among the top-performing assets. The token’s sharp rise coincided with CZ’s growing visibility in public discussions about decentralized finance and blockchain innovation.

CZ has often praised Aster’s infrastructure, describing its liquidity routing and hybrid DEX framework as innovative. He has also referenced the project in several X posts since September, emphasizing its role in bridging centralized and decentralized liquidity systems. These public endorsements helped draw attention from BNB investors looking for exposure to newer projects tied to the ecosystem.

Aster’s close ties to the BNB community amplified its price momentum as traders interpreted the news as a positive signal. The combination of CZ’s pardon and Aster’s campaign created a favorable market environment that pushed ASTER to its highest level since early October.

Whale Accumulation Drives the Price Rally

Data from CoinMarketCap showed that while Aster’s price rose 15% on October 23, trading volume declined by 5%. Analysts interpreted this as an indication that the rally was driven mainly by whale activity rather than retail traders. Large investors accumulated ASTER during the session, contributing to the upward price pressure despite fewer transactions overall.

The presence of large buy orders during a period of lower retail activity suggested that institutional or high-value traders led the movement. Such accumulation patterns often signal confidence among long-term holders, especially during periods of broader market uncertainty.

Aster’s market capitalization surpassed $2.2 billion following the rally, reinforcing its position among leading decentralized exchange tokens. As the Rocket Launch campaign continues, traders will be watching for new project listings and future buyback events that may sustain trading activity into the next quarter.

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